Cotswold View - Knight Frank · 6 Cotswold View Alice Trehane Village Houses and Cottages T +44 (0)1285 659771 [email protected] The market for good quality village and

Cotswold ViewProperty Market Focus - Autumn 2012

Rupert MarchingtonVillage Houses and CottagesT +44 (0)1285 [email protected]

2 Cotswold View

WELCOMEWelcome to Cotswold View, our seasonal update on the property markets that matter to you. Along with asnapshot of activity in the Cotswolds, we discuss what’shappening in the wider market and how it is affected bythe booming central London market. We also outline how important it is toexpose your property to as wide anaudience as possible, and to give you aglimpse of some of our properties in thearea, both for sale and sold.

Country properties are growing infavour, with Londoners enjoying recordprices in the Capital and overseasbuyers benefiting from currencymovements.

The significant gap in price performancebetween the country market and thebooming prime central London marketpresents an opportunity for the countrymarket, with some London homeownerscashing in on the record-high values inthe Capital to get more property for theirmoney in the country.

Prices in the country markets are nowjust slightly higher than in 2009, whileprices in prime central London haverisen by 48%. For example, a propertyvalued at £1.8 million in prime centralLondon in early 2009 would now beworth around £2.66 million, so the

owners would have an extra £864,000to spend on a cottage, bigger countryhome or more land.

The growing interest from Londonbuyers is demonstrated by theemergence of a number of country'hotspots' including the Cotswoldswhich boasts not only beautifulcountryside but excellentcommunications and an extensiverange of schools, both private andstate.

2012 has seen a significant resurgenceof London buyers to the Cotswoldstaking advantage of the pricedifferential and the benefits that thearea has to offer. However, purchasersare ‘price sensitive’ and correct pricinghas been essential to attract a largenumber of viewers which in turn hasconverted into offers and resultingsales.

People are certainly looking keenly atcountry property as a safe haven and asa sound investment.

Since 1st April this year we haveseen a resurgence of interestfrom London buyers with over 57% of our buyers forproperties over £1,000,000moving from London.

* Figures reflect activity up to and including Q2 2012.

under £500k 15%

£500k to £750k 38%

£750k to £1m 22%

£1m to £1.5m 9%

£1.5m to £3m 8%

over £3 8%

under £500k 9%

£500k to £750k 13%

£750k to £1m 22%

£1m to £1.5m 26%

£1.5m to £3m 13%

over £3 17%

What do our applicants want to spend?Sales by price band

Cotswold View 3

Prime Central London

How a £1m investment made £407 a day, every day,for three years.

Prime central London property pricesreached a new high in June, but withvalues almost 50% higher than theywere in March 2009, the rate of pricegrowth is beginning to slow.

Our index confirms that £1m invested incentral London property in March 2009would now be worth approximately£1.48m. This growth equates to anaverage monthly appreciation of£12,400, or £407 daily. Some marketobservers have questioned whetherthis strong price growth will continue.

Over the past few years internationalbuyers have seen London property as asafe-haven investment in anincreasingly volatile global economy.Evidence of this is the fact thatEuropean (non-UK) buyers accounted

for around 10% of the £2m+ centralLondon market between 2005 and 2010and now account for 20% (2011 and2012 to date).

While this safe-haven factor continuesto support the market, we arebeginning to see resistance frombuyers to ongoing price increases andthe difference between asking andachieved prices is beginning to widen,with the percentage of the asking priceachieved having fallen from 96% inMarch to 92% in June.

Taking your property global

Knight Frank’s 244 offices spanning 43 countriesmean that our properties receive interest frombuyers around the world.

With most buyers starting theirproperty search online, your home forsale has never had a wider audience.Most estate agents will have a directfeed to the ever-increasing number ofproperty portals, as well as displayingyour home on their own website.

However, to truly reach a global buyermarket and fulfil your property’spotential, you need a global platform,which is why Knight Frank’sinternational network and pioneeringuse of technology deliver a genuinecompetitive edge. Our global propertysearch is now available in over 15different languages, including German,Spanish, French, Russian and Chinese,and our iPad and iPhone app meansthat you can search for properties “nearme” wherever you are in the world.

With 600,000 visitors a month to ourwebsite, people from around the worldclick through to Knight Frank propertydetails every five seconds, meaningthat your property is exposed to thewidest audience possible. Any of the2.27 billion internet users across theworld could be the right buyer for yourhome; so it makes sense that we makeit as easy as possible for them to find it.

But it is not just digital media that isimportant, only a comprehensivepresence in the international marketthat can truly give your home theexposure it deserves. Our officesaround the world are constantly intouch and introducing buyers from onecountry to another. Whilst the internetprovides a valuable platform, weunderstand that busy people can

struggle to find time to search onlineand would rather build a relationshipwith a knowledgeable property expert.

To view the website visitsearch.knightfrank.com

Rupert MarchingtonVillage Houses and CottagesT +44 (0)1285 [email protected]

Despite the wettest quarter since records began, April, May and Junehave proven to be record months for us in terms of the number of saleswe have agreed. Correct pricing remains all important but demand forquality remains undiminished.

COTTAGES AND VILLAGE HOUSES

4 Cotswold View

PROPERTIES FOR SALE

Charlton

Elegant 2 bedroom apartment in Grade I Listed mansion

Guide Price £365,000

Ampney Crucis

Well-presented terraced Cotswoldcottage with lovely country views


Bibury

Tucked away in a lovely positionoverlooking Arlington Green


Frampton-on-Severn

Georgian house and stores overlookinglongest village green in England


North Nibley

Georgian house and former mill withholiday lets


SOLD PROPERTIES

ChalfordUnique Cotswold stone chalet styleproperty in a magical setting


DaglingworthAn enchanting Grade II Listed Cotswoldcottage in pretty village

SOLD

Coln St Aldwyns

Delightful Cotswold stone cottage insought after Coln valley village

Guide Price £795,000SOLD Guide Price £825,000SOLD

Winson

Enchanting converted Cotswold barn inidyllic Coln Valley village


“Thank you for the very professional andunderstanding way you have managed thesale of our house.”M Emery

Ampney Crucis

Pretty 18th century former lodge, full ofcharacter and charm


AMPNEY CRUCIS

Listed family house in popular village


UPTON ST LEONARDS

Impressive period house in need ofupdating


Ampney St Mary

Stone family in peaceful setting withpotential


Withington

Stone village house with farmyard,paddocks and stabling

Offers in excess of £895,000

Cirencester

Superb listed town house with largegarden and parking

Guide Price £1,250,000

Cerney Wick

Handsome Cotswold stone farmhousewith paddock and river frontage


Birdlip

A cleverly designed family house withviews and 15 acres

SOLD

Ampney CrucisSpacious village house with potentialand 2 acres

Guide Price £985,000SOLD Guide Price £1,650,000SOLD

6 Cotswold View

Alice TrehaneVillage Houses and CottagesT +44 (0)1285 [email protected]

The market for good quality village and country cottages has beenunusually active this year. Accurate asking prices are essential toachieve a sale and indeed attract buyers who will stillpay premium prices for exceptional properties in exceptionallocations.

COTTAGES AND VILLAGE HOUSES

PROPERTIES FOR SALE

Tetbury

Delightful 2 bedroom cottage inprestigious development


Charlton

Elegant apartment in Grade I Listedmansion with views

GRITTLETON

Semi-detached cottage on edge ofpopular village


Shipton Moyne

Delightful stone cottage withenchanting garden


Dauntsey

Detached property in private positionwith equestrian facilities

Charlton

Attractive stone house with potentialand equestrian facilities

SOLD PROPERTIES

AldsworthQuintessential Listed stone house withfabulous gardens


DauntseyGrade II Listed Queen Anne farmhousewith a separate cottage and 15 acres

SOLD

Middle Duntisbourne

Renovated to a very high standard andwith stunning valley views

Guide Price £1,200,000SOLD

SOLDUNDER OFFER

Guide Price £1,000,000SOLD


Avening

Enchanting cottage tucked away inquiet part of the village


Christian Malford

Unique Grade II Listed former malthouse


Burton

Attractive stone family house in goodNorth Wiltshire village


Purton

Grade II Listed Georgian house withseparate cottage


Nr Chippenham

Superbly presented Mill house andcottage with beautiful gardens

Cleverton

A detached house with large garden,paddock and stables. 2 acres

Sherston

A delightful Grade II* Listed villagehouse, situated in the High Street

Hankerton

Mature Cotswold stone house withannexe, garden and land

Guide Price £1,100,000SOLD SOLD

“Thank you so muchfor all your help, youhave been soconsiderate and haveheld my handthroughout, it hasmeant a huge amountto me. Alice you havebeen great.”Mrs C Monck

Tetbury

Renovated Grade II Listed town housein the heart of Tetbury

Guide Price £450,000UNDER OFFER

Guide Price £760,000SOLD

8 Cotswold View

Rupert SturgisManor houses and farm-housesT +44 (0)1285 [email protected]

The 2012 farmhouse market has seen the best results since 2007.

The key to successful sales has been creative marketing strategies andrealistic pricing. London buyers have returned to the regional marketplace, often securing a property after competitive bidding.

Manor houses & farmhouses

PROPERTIES FOR SALE

Somerford Keynes

Land with planning and direct accessonto a private 74 acre lake


Sutton Benger

A delightful farmstead in need ofrenovation with 24 acres


Tockenham

Family house set amidst its own land inopen countryside with 8 acres


Calcot, Nr Tetbury

Beautifully presented with stabling,woodland and paddocks of 16 acres

Bourton-on-the-Water

Handsome country house with stableyard and over 22 acres


SOLD PROPERTIES

AblingtonSmall country house with garden andpaddock


LECHLADEAn elegant Queen Anne style familyhouse overlooking mature parkland

SOLD

Down Ampney

Set in private grounds withoutbuildings in popular village

Guide Price £1,350,000SOLD Guide Price £1,400,000

PROPERTIES FOR SALE

SOLD PROPERTIES

SOLD

UPPER COBERLEY

Exceptional barn conversion in lovelyCotswold hamlet


UNDER OFFER

Nr Painswick

Stone family house in idyllic valley with2 acres. Further land available

Naunton

Cotswold smallholding with 48 acresand scope to develop further

Guide Price Region £1,000,000Guide Price £975,000

Kineton

Full of charm and in semi-woodedvalley with 2.6 acres


Naunton

Classic village house with secondaryaccommodation and landscaped garden


Poole Keynes

Former farmhouse with private groundsin rural area with 5 acres

Wickwar

Impressive country house withbeautiful gardens and grounds

Middle Lypiatt

Period stone house with scope toupdate and 19 acres of land


SherborneIdyllic location, designed for short ormedium-term holiday lets

SOLD Guide Price £1,600,000SOLD

“We were very satisfied with the excellentclose co-operation from Rupert Sturgisbut also from the rest of the staff.”T Hardie

The Camp

Restored farmhouse with farmyard and9 acres of land

UNDER OFFER

UNDER OFFER UNDER OFFER

10 Cotswold View

We have seen a resurgence ofinterest from London buyers. Asthe financial world becomes moreturbulent, so people are lookingkeenly at prime country houseswhich they see as a safe haven inwhich to enjoy country life and asa long term investment. Over 57%of our buyers (for properties over£1,000,000) are moving fromLondon.

Country Houses & Farms

PROPERTIES FOR SALE

Westonbirt

Impressive country house with fabulousgrounds, stabling and 70 acres


Evenlode

Exceptional location with cottage,stabling and 12 acres


DUNTISBOURNE

Peaceful small estate with fine viewsand up to 85 acres

Edgeworth

Village country house with exceptionalviews and 14 acres

Guide Price £3,875,000 Guide Price £3,500,000

Bisley

Beautifully restored in delightful,secluded position with 17 acres


SOLD PROPERTIES

Lechlade

Picturesque mill in delightful riversidesetting


Broadwell

Classic Grade II* Listed manor house inprivate position with 35 acres

SOLD Guide Price £3,250,000SOLD SOLD Guide Price £8,000,000

Farmington

Farmhouse with outbuildings andabout 30 acres

Atty Beor-RobertsCountry Houses and Estates T +44 (0)1285 [email protected]

James PrewettRegional FarmsT +44 (0)1285 [email protected]

Far Oakridge

Attractive Cotswold house withbeautiful gardens and 15 acres

TO LET

“We thought the service was excellentfrom start to finish. A good, highlyprofessional service which was what weexpected.”CB

Lower Dowdeswell

Award winning restoration, a 21stcentury masterpiece


Broadwell

Farmhouse in superb location and 70 acres


Water Eaton

Traditional farm with cottages,outbuildings and 349 acres


Twigworth

Substantial, renovated home withapartments, garaging and 145 acres

Guide Price £1,800,000 Guide Price £1,850,000


BremhillWonderful family house and farm with118 acres

SOLD

Grittleton

Beautiful detached Georgian formerrectory with parkland and 9 acres

Guide Price £3,500,000SOLD Guide Price £2,750,000SOLD

Horton

A beautifully presented country houseset in the middle of 25 acres

Compton Abdale

Charming Cotswold farmhouse withstables, exceptional views and 13 acres

Nr Wotton-under-EdgeUnique opportunity to build classicalhouse with 360 acres

UNDER OFFER

Important Notice This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears. 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images are indicative only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT : The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC 305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.

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UK NETWORK1 Aberdeen2 Ascot * 3 Basingstoke 4 Bath 5 Beaconsfield 6 Berkhamsted 7 Birmingham8 Bristol 9 Cardiff10 Cheltenham 11 Cirencester 12 Cobham * 13 Edinburgh 14 Esher * 15 Exeter 16 Guildford 17 Harrogate18 Haslemere 19 Henley-on-Thames

20 Hereford 21 Horsham 22 Hungerford 23 Lauder 24 Leeds25 London † 26 Manchester27 Newcastle 28 Oxford 29 Sevenoaks 30 Sheffield 31 Sherborne 32 Stratford-upon-Avon 33 Sutton Coldfield 34 Tunbridge Wells 35 Virginia Water36 Winchester 37 Worcester

* Lettings Service † 19 offices across Central London

who will appreciate it as much as you do. This is why, when it was time for Keith and Sally

“Knight Frank understood the property… our home is all about the setting”.

The sale is in the detail.

KnightFrank.co.uk/FranklySpeaking

Knowing the best hiding places

KKnnoowwiinngg tthhee bbeesstt Knowing the sunniest Knowing the new owners have all this to come

To hear more about why the Bowrys chose Knight Frank, visit our website or call 020 3641 9565.

CirencesterGloucester House, Dyer Street,Cirencester, GL7 2PT+44 (0)1285 659771KnightFrank.co.uk

Documents

Cotswold View - Knight Frank · 6 Cotswold View Alice Trehane Village Houses and Cottages T +44 (0)1285 659771 [email protected] The market for good quality village and